Abterra (SGX:L5I) ROCE % : -63.00% (As of Jun. 2021)

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What is Abterra ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Abterra's annualized ROCE % for the quarter that ended in Jun. 2021 was -63.00%.

Abterra ROCE % Historical Data

The historical data trend for Abterra's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Abterra ROCE % Chart

Abterra Annual Data

Trend

Jun08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

ROCE %

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3.15

-33.99

-63.05

-35.62

-8.00

Abterra Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Mar21	Jun21
ROCE %	Get a 7-Day Free Trial															-88.56	39.69	-34.82	-96.64	-63.00

Abterra ROCE % Calculation

Abterra's annualized ROCE % for the fiscal year that ended in Dec. 2017 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2017 )		(A: Dec. 2016 )		(A: Dec. 2017 )
	=	-5.042	/	( ( (80.993 - 28.553)	+	(137.047 - 63.39) )	/ 2 )
	=	-5.042	/	( (52.44	+	73.657)	/ 2 )
	=	-5.042	/	63.0485
	=	-8.00 %

Abterra's ROCE % of for the quarter that ended in Jun. 2021 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jun. 2021 )		(Q: Mar. 2021 )		(Q: Jun. 2021 )
	=	-0.704	/	( ( (11.012 - 9.681)	+	(10.918 - 10.014) )	/ 2 )
	=	-0.704	/	( ( 1.331	+	0.904 )	/ 2 )
	=	-0.704	/	1.1175
	=	-63.00 %

(1) Note: The EBIT data used here is four times the quarterly (Jun. 2021) EBIT data.

Abterra (SGX:L5I) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Abterra ROCE % Related Terms

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Abterra (SGX:L5I) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Abterra Ltd (SGX:L5I) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Temasek Boulevard, No. 11-06, Suntec Tower 1, Singapore, SGP, 038987

Website

http://www.abterra.com.sg

Abterra Ltd is a supply chain manager in the natural resources business. It has organized its business into two main divisions namely Iron Ore Trading and Coke and Coal Trading. The company principally trades in iron ore, coking coal, and coke. It has further diversified its business into property investment, property holding and property development. It operates in five geographical areas: Singapore, China, Macau, Indonesia and Australia.

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